MIAMI – Avianca Holdings for the three months ending on September 20 has reported an operating loss of USD$156m.
For the same period last year, group company Avianca (AV), the flag carrier of Colombia, posted an operating profit of USD$28m. With AV ceasing operations in mid-March following the outbreak of the COVID-19 pandemic and South American flight restrictions, Avianca Holdings filed for Chapter 11 bankruptcy protection in the USA on May 10.
Having resumed operations in September, AV is now operating at 20% of capacity in comparison to November 2019, an improvement of the 12% of capacity in October.
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Source:: “Airways Magazine”